This growth was the result of significant investments the company made in 2016 and 2017 to address customers’ highest priorities, such as IT GRC, Vendor Risk Management and SOAR in the wake of high profile data breaches. Rsam’s cloud-based solutions also helped customers move to the cloud while facilitating a quick time-to-value.

“In addition to doubling down on our focus on IT GRC, VRM and SOAR, we focused on building our customer success team – we leveraged our experienced and talented team of client partners to partner with our customers to not only focus on getting their use-cases live quickly, but also help them increase user adoption and realize the value of the investment they have made. This has allowed us to maintain and improve our renewal rates, which are the highest in the industry,” said Vivek Shivananda, CEO of Rsam. “Such success is contagious in the industry, and pretty quickly organizations recognize the value we bring to the table and want to partner with us for the long-term.”

Looking at 2018, Rsam anticipates continued investment by customers in areas around the NIST Cybersecurity Framework, GDPR, vendor risk, and realizing the opportunity around integrated risk management. Shivananda added, “Rsam is well-positioned to help these customers realize the value of their investments with a GRC strategy that meets business objectives while maintaining low technical debt.”